Ask Experts Questions for FREE Help !
Ask
    mmarnye's Avatar
    mmarnye Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Feb 16, 2011, 03:00 PM
    Is alimony tax deductible?
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
    Expert
    		  
    #2

    Feb 16, 2011, 03:33 PM

    Generally yes - alimony payments to a former spouse are deductible. However your former spouse must report it as income on his/her tax return. There are a few additional requirements:

    1. The alimony must be required under a decree of divirce or legal separation.
    2. The alimony must be paid in cash.
    3. You and your former spouse must not live in the same household.
    4. Your liability to pay alimony must end upon death of your former spouse.
    5. If the divorce decree states that alimony is not taxable to your former spouse, then you can not deduct it.

    Also in case you're wondering - child support is not deductible.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Are federal tax levy amounts deductible in current tax year? [ 1 Answers ]

I had tax from previous tax years levied in 2009. Are these deductible on my 2009 return?

Corporations: State Income Tax deductible for Federal Inc. Tax [ 8 Answers ]

I am preparing my 1120 Fed. Inc. Tax return and am a little confused about how State Income taxes accrued during the year play in the determination of the Federal Inc. Tax Payable. Logically, it should look something like this: Steps 1) First, create the P&L Statement following the IRS...

1120: State income tax deductible in federal tax return for corp. [ 2 Answers ]

In our C Corp. we use the Accrual method of accounting. Nevertheless, in our past Federal Inc. tax returns, my accountant (actually, ex-accountant) has been deducting the State Inc. Taxes PAID in the FY, instead of the accrued tax. I want to start deducting the accrued tax, starting this FY's...

Tax deductible? [ 1 Answers ]

Are personal items that were appraised and taken to a dealer for sale with the money going to the trustee to dispurse tax deuctible.

View more questions Search